Another capital fair from different $ 100 million investors makes it possible: the Israeli cyber security company “Dream”, co-founder of Sebastian Kurz, now has a market value of $ 1.1 billion.
The cyber security company “Dream”, founded by Sebastian Kurz at the beginning of 2023 by Sebastian Kurz, announced a new investment of $ 100 million on Monday. The investor round was led by the American investor Bain Capital. With the investment, the valuation of the company increases to $ 1.1 billion, which officially becomes a “unicorn”. This indicates young companies that are worth a billion. “I am grateful that the Israeli company has developed so quickly,” says Kort in conversation with the “Kroon”.
According to the latest information, the former Chancellor still had about 20 percent of the company before the recent capital increase and is therefore at least the richest politician in the country on paper. In short, however, his shares should have been bought with his contacts and not with money. He must therefore continue to work for “dream” to keep his participation. This makes his return to politics unlikely.
“Dream” specializes in the protection of the critical infrastructure of states and industrial companies with the help of artificial intelligence and currently has around 150 people at the head office in Tel Aviv and in branches in Abu Dhabi and Vienna.
According to his own description, “Dream” stands out for a unique approach. This combines the best heads in the area of cyber protection and artificial intelligence, which together developed a cybertal model, especially for the protection of critical infrastructure. This analyzes threats in real time, recognizes potential security risks and can identify and prevent cyber attacks at an early stage.
After a first financing of $ 20 million, a second with another 35 million in the fall 2023 followed. At the moment, “Dream” was assessed by $ 200 million after just under a year. With the recent financial round, led by Bain Capital, a new investment of $ 100 million was guaranteed. The business value has more than Quinted and the border of billion dollars broke through.
Sebastian Kurz: “Cyber attacks are no longer just a problem for companies – they are one of the biggest threats for states and their critical infrastructure. Many states face the challenge of defending themselves against an increasing number of more and more complex attacks, while their own systems are often outdated and insufficiently protected. This is exactly where we start with Dream: we develop solutions based on artificial intelligence, trained by the best hackers in the world that can not only recognize such attacks at an early stage, but can also prevent.
Dream currently has customers in Europe, Central East and Southeast -Asia. The new partnership with Bain Capital will primarily encourage the expansion of the company to extra markets, including the US and South America.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
